The City Council adopted a goal in 2015 to develop plans related to economic development and the 2016 Residential Survey identified Economic Development as one of the top priorities of respondents.
A committee of volunteers was formed to develop an Economic Development Plan for the City of Kewanee. The committee members met roughly bi-weekly to work through past planning efforts and other ideas to develop the Economic Development Plan. Resolution #4994 to establish the City of Kewanee Economic Development Plan was approved on August 8, 2016.
Both the Economic Development and Community Development Plans contain a recommendation to establish incentives for Economic and/or Community Development. The City Council recently adopted incentive guidelines for:
Tax Increment Financing (TIF)
Enterprise Zone Incentives (BMEC) Building Materials Exemption Certificate Instructions
Brownfields Targeted Assessment
Facade Improvement Program Application
Small Business Loan Program (COVID-19) Application
Kewanee Revolving Loan Program
Kewanee Small Business Interest Payment Program
Community Development Programs:
Demolition Grant Program
Sidewalk Replacement Program
Distressed Property Reinvestment Program
Infill Development Program
Targeted Minor Home Repair Application